Cohu (NASDAQ:COHU) Stock Price Up 12.6% – What’s Next?

Shares of Cohu, Inc. (NASDAQ:COHU) were up 12.6% on Monday. The stock traded as high as $43.25 and last traded at $43.3350. 189,178 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 1,138,555 shares. The stock had previously closed at $38.49.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COHU. Craig Hallum reissued a “buy” rating and issued a $74.00 price objective on shares of Cohu in a research note on Friday, July 31st. Zacks Research cut Cohu from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 28th. Robert W. Baird set a $83.00 target price on Cohu in a report on Thursday, October 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $90.00 target price on shares of Cohu in a report on Thursday, October 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $65.00 price target on shares of Cohu in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $72.50.

Cohu Stock Up 0.4%

The company has a current ratio of 5.16, a quick ratio of 4.24 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average price is $55.97 and its 200-day moving average price is $47.44. The company has a market cap of $2.06 billion, a P/E ratio of -83.79 and a beta of 1.60.

Cohu (NASDAQ:COHU) last issued its earnings results on Wednesday, October 28th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Cohu had a positive return on equity of 1.47% and a negative net margin of 3.97%. The business had revenue of $172.96 million during the quarter, compared to analyst estimates of $170.25 million. During the same period in the previous year, the company posted ($0.06) EPS. The firm’s revenue was up 37.0% compared to the same quarter last year. As a group, research analysts forecast that Cohu, Inc. will post 0.63 EPS for the current year.

Insider Activity at Cohu

In related news, CEO Luis Muller sold 21,662 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $73.00, for a total value of $1,581,326.00. Following the transaction, the chief executive officer directly owned 822,927 shares in the company, valued at $60,073,671. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Christopher Bohrson sold 1,000 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $55.31, for a total value of $55,310.00. Following the completion of the transaction, the insider owned 157,702 shares in the company, valued at approximately $8,722,497.62. This represents a 0.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 116,692 shares of company stock valued at $7,374,716. Corporate insiders own 3.05% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC lifted its stake in shares of Cohu by 150.0% in the third quarter. CoreCap Advisors LLC now owns 500 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 300 shares in the last quarter. Fortitude Family Office LLC increased its position in shares of Cohu by 147.9% during the third quarter. Fortitude Family Office LLC now owns 528 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 315 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Cohu by 17.7% during the third quarter. Parallel Advisors LLC now owns 2,510 shares of the semiconductor company’s stock worth $171,000 after acquiring an additional 378 shares in the last quarter. Choreo LLC raised its holdings in shares of Cohu by 12.0% in the 3rd quarter. Choreo LLC now owns 4,187 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 450 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Cohu by 109.8% in the 2nd quarter. Allworth Financial LP now owns 879 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 460 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

About Cohu

Cohu, Inc. designs and manufactures equipment and components used to test, inspect, and handle semiconductors. Its products include semiconductor test handlers, inspection systems, test contactors, and thermal subsystems that support testing at various stages of chip production. The company serves semiconductor manufacturers and outsourced semiconductor assembly and test providers around the world. Its equipment is used across a range of semiconductor applications, including devices for automotive, industrial, communications, and consumer markets.